American Home Mortgage files for bankruptcy

JohnSpence

BOSTON (MarketWatch) -- Embattled mortgage lender American Home Mortgage Investment Corp.
ahm
filed for bankruptcy protection Monday in U.S. Bankruptcy Court in Delaware. The Melville, N.Y.-based mortgage real estate investment trust last week announced it was cutting most of its staff and would stop taking mortgage applications. The company, which had been facing margin calls from its lenders, is the latest casualty of turmoil in the mortgage markets.

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